Michelin is committed to making their tires 100% sustainable by 2050. Though making their tires 100% sustainable is ambitious, it remains realistic. Why are they so confident? The Group’s materials expertise, along with their ability to innovate and develop new technology, offer considerable advantages.
Commodity prices continued to surge in February, with energy commodities jumping 14,3% and non-energy commodities rising 2,5%.
2020 was a trying year for the European automotive industry, and so far, 2021 has not proved to be much easier. According to our data for 27 markets across the region, registrations of new cars totalled 839,525 units in January 2021, down by 26% compared to the same period in 2020 – the lowest result for January since 1982. Felipe Munoz, global analyst at JATO Dynamics commented: “Despite efforts made by governments and OEMs to boost the registration of pure electric cars, it has not been enough to offset the impact of the global pandemic and local lockdowns”.
FANUC is adding the new digital service FANUC Assisted Reality (FAR) to its service offering in Europe. With this, the company wants to support customers as fully as possible, even in times of travel restrictions and distance rules. At the same time, FANUC expects FAR to improve service even further.
The European Investment Bank (EIB) has approved a 600 million euro package for automotive supplier Valeo to finance its research projects focused on reducing CO2 emissions and improving vehicle safety. The funds are to be allocated to Valeo’s Europe-based research projects, primarily in France, but also in Germany, the Czech Republic and Ireland.
For the seventh consecutive year, the BMW Group leads the US in automotive exports. Plant Spartanburg in South Carolina exported 218,820 vehicles with an export value of more than 8.9 billion US dollars in 2020. The BMW Group produced a total of 361,365 vehicles at the plant. About 218,000 of these units were manufactured in the second half of the year, setting a new plant record.
The Eberspächer Group is strengthening its activities in the field of automotive electronics. At the beginning of the year, the Esslingen-based automotive supplier founded the subsidiary Eberspaecher Controls Ro S.R.L. in Romania. With the new location in Cluj-Napoca, the company will expand development activities in the future, particularly for control units for electrification of vehicles and autonomous driving.